Corzine Knew Customer Money Was Used

By Shannon Bond and Tom Braithwaite Jon Corzine, the former chief executive of MF Global, âwas awareâ that the broker-dealer made use of customer funds during its desperate fight for survival, a US Senate hearing was told on Tuesday.

Terry Duffy, chief executive of CME Group, the futures exchange operator which supervised MF Globalâs handling of customer money, said a CME auditor heard an MF Global employee say during a conference call involving senior MF Global employees that âMr Corzine was aware of the loans being made from segregated accountsâ.

A spokesman for Mr Corzine declined to comment. The ex-MF Global boss and previous New Jersey senator reiterated to the same Senate hearing that he did not intend to authorise the improper use of customer funds to plug a hole in MF Globalâs liquidity in the days leading up to the bankruptcy.